Hong Kong’s new digital asset regulation regime is poised to foster a safe and resilient ecosystem for market participants. Hong Kong strengthens its position as a global leader in digital finance through new regulations designed to ensure the secure and transparent management of digital assets. On June 27, 2025, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Securities and Futures Commission (SFC) launched a public consultation on the  introduction of  licensing regimes for digital asset dealing and custodian services. These proposals build on existing frameworks for virtual asset trading platforms (VATPs) and stablecoins, reflecting the finance hub’s  cautious yet forward-thinking approach to fostering innovation while prioritizing investor protection. For businesses, particularly small and medium enterprises (SMEs), these regulations present compliance challenges alongside opportunities to thrive in a trusted and developed market.

The Future of Hong Kong’s Regulation on Digital Asset Dealing and Custodian Services_en